Latest News

Here’s How Much $100 In Bitcoin Could Be Worth If BTC Returns To All-Time Highs

0

© Reuters Here’s How Much $100 In Bitcoin Could Be Worth If BTC Returns To All-Time Highs

Apex cryptocurrency Bitcoin remains the most valuable in the world with a market capitalization of $879 billion, more than double that of second place Ethereum. Despite the high valuation, Bitcoin is still down from all-time highs set in November 2021.

Here’s a look at what a return to all-time highs could mean for hodlers and investors.

What Happened: Bitcoin (CRYPTO: BTC) remains the most valuable cryptocurrency and one of the most talked about cryptocurrencies in the world.

The war in Ukraine has led to more discussions on countries adopting Bitcoin as a currency, and some analysts have raised their price targets and bull cases for the potential of Bitcoin in the future.

Global investment management company VanEck said money has changed due to sanctions on Russia’s central bank, and the result could be traditional reserve currencies taking a backseat to Bitcoin.

Also Read: Here’s How Much $100 Invested In Dogecoin Could Be Worth If DOGE Hits $1

Ark Funds CEO Cathie Wood has called for more companies to add Bitcoin to their balance sheets. If all corporations put 1% to 10% of their cash balance into Bitcoin, the valuation of the coin could rise significantly.

In 2021, Ark Funds highlighted a $500,000 price target for Bitcoin. A bull case for Bitcoin from Ark Funds has the coin hitting $1 million per Bitcoin by 2030.

VanEck analysts Eric Fine and Natalia Gurushina recently put out a note titled “How One Bond Manager Values Gold and Bitcoin.”

In the note, the duo lay out a target price of $1.3 million to $4.8 million for Bitcoin if the cryptocurrency is adopted as a global reserve currency.

Related Link: How To Buy Bitcoin

Investing $100 in Bitcoin: A $100 investment in Bitcoin today could buy 0.00216 BTC, based on a current price of $46,261.61 at the time of writing.

Bitcoin hit an all-time high of $68,789.63 in November 2021. The coin failed to reach a price of $69,420, which some suggested could break the internet, combining two of the most popular memeable numbers.

If Bitcoin returns to an all-time high, a $100 investment today would be wroth $148.59. This represents a 49% return.

© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Read the original article on Benzinga

Here’s How Much $100 In Bitcoin Could Be Worth If BTC Returns To All-Time Highs

Disclaimer:Fusion Mediawould like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

GM keeps plants running in China by asking workers to live in factory, sleep on floors

Previous article

Why Buffett Is Buying Energy Stocks At Multi-Year Highs

Next article

You may also like

Comments

Leave a reply

Your email address will not be published. Required fields are marked *

More in Latest News